The housing market in Effingham, IL (zip code 62401) appears to be slightly below the median value for the United States. According to recent data, the median value of housing in Effingham is $197,600 compared to the US median of $338,100. Additionally, housing appreciation over the past year in Effingham was 7.94%, compared to 8.27% nationally. Despite this slight difference in home values and appreciation rates, many people are still attracted to buying property in Effingham due to its affordable prices combined with a high quality of life.
The median home cost in Effingham (zip 62401) is $197,600. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Effingham (zip 62401) is up 9.4%.
Average Age of Homes
- The median age of Effingham (zip 62401) real estate is 41 years old
The Rental Market in Effingham (zip 62401)
- Renters make up 23.9% of the Effingham (zip 62401) population
- 1.8% of houses and apartments in Effingham (zip 62401), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.